Market Watch

Ethio Telecom Ethio telecom, Ethiopia’s leading telecom and digital solutions provider, has expanded its nationwide 5G expansion with the launch of 5G services in Jimma City. This milestone marks yet another significant step in the company’s mission to accelerate Ethiopia’s digital transformation, ensuring seamless high-speed connectivity and unlocking new opportunities for innovation and economic growth across the country. Since the launch of Ethiopia’s first 5G network in Addis Ababa in 2022, Ethio telecom has steadily expanded its next-generation wireless technology to key cities nationwide. Currently, 5G services have been successfully rolled out in 12 cities, including Addis Ababa, Adama, Jigjiga, Dire Dawa, Harar, Bahir Dar, Hawassa, Wolaita Sodo, Hosaena, Arba Minch, Bishoftu and Jimma. The addition of Jimma to Ethio Telecom’s 5G network is further strengthening its commitment to enhancing digital accessibility and allowing Ethiopia to harness the full potential of next-generation connectivity. 5G Now Available in Jimma Following the successful completion of network installations, 5G services are now available in various parts of Jimma City, including: Jimma Zone Administration Office Ethio Telecom South West Regional Office Ferenj Arada, Central Hotel, Haile Hotel and Stadium Area Dololo Hotel, Firomsis Hospital, and Central Merkato Kochi Area, Jimma University Main Campus, […]

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The multinational energy and petrochemical company doubles down on its transformation and commitment to gen AI as the pace of progress quickens. Credit: Flickr. Madrid-based Repsol, a repeat finalist at the 2024 CIO 100 Awards in Spain, has been immersed for years in a process of digital transformation with the aim to become more multi-energy focused, more customer oriented, and better committed to digitalization, innovation, and talent management. It’s all spelled out in its updated strategic plan for the period from 2023 to 2027, which also ratifies the organization’s pledge to energy transition and decarbonization, reinforcing how digital is an essential enabler to successfully achieve these objectives. In 2018, the company launched the first four-year wave of its digital program, serving as a cross-organizational initiative supported by senior management, and its success has been based on the business being a check against its transformation. The company extended the program with a second digital wave to continue promoting and reinforcing digitalization based on seven fundamental values: greater security and reliability in operations, intelligent planning and programming, excellence in digitalized operations, development of digitally optimized assets, omnichannel and data-driven customer experience, innovation in new business models, and agile organization. Repsol’s current […]

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Kadmy – Fotolia Kadmy – Fotolia When building a startup , there is a real balancing act between managing expectations, educating on what’s possible, and identifying the true cost of innovation. CTOs are challenged not only to build functional technology platforms quickly, but to do so as cost effectively as possible. Startups are often not profitable therefore don’t have a lot of cash to burn, meaning the CTO has to deliver technology solutions to solve their business goals on a limited budget. Let’s look at a legacy industry like commercial insurance – it’s been undergoing a transformation in recent years. The industry is data and human heavy and is heavily regulated which is why it’s ripe for innovation. It is also playing catch-up to address the needs of many consumers who want a seamless user experience and businesses that want a modern experience – faster, streamlined, digitised, and so on – when dealing with insurance providers. This is particularly true of the on-demand economy . Leveraging technology The on-demand economy is characterised by the likes of Taskrabbit, Doordash, Uber, Deliveroo and Amazon Flex. But it’s the likes of hard working on-demand taxi and delivery drivers who are calling for […]

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Digital Transformation Market The Digital Transformation Market study by DataM Intelligence provides a comprehensive analysis of the market, delivering valuable insights, detailed statistics, historical trends, and industry-backed market data. The report explores the competitive landscape, focusing on key players in the industry. It evaluates aspects such as product offerings, pricing models, financial performance, product portfolios, growth strategies, and regional expansion to offer a thorough understanding of market dynamics and future trends. Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID) @ https://datamintelligence.com/download-sample/digital-transformation-market?an What is the projected growth of the Global Digital Transformation market? The Global Digital Transformation Market reached US$ 578.7 billion in 2022 and is expected to reach US$ 3035.5 billion by 2031, growing with a CAGR of 23.0% during the forecast period 2024-2031. What is Digital Transformation Market? Digital transformation is the integration of digital technologies into all aspects of a business, fundamentally changing how it operates and delivers value. It involves adopting automation, data analytics, cloud computing, and AI to enhance efficiency and customer experience. This transformation enables businesses to stay competitive in a rapidly evolving digital landscape. It also requires a cultural shift, fostering innovation and agility. Who are […]

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(© WHYFRAME – Shutterstock) Some enterprise IT projects get started to exploit an opportunity or solve user pain points. For public sector organizations sensitive to cost and budget constraints, sometimes IT projects have to happen for rather simpler reasons, like license periods coming to an end – or, as in the case of England’s Hertfordshire Community Trust (HCT), being told at the start of 2024 that their lease on a key building was ending and they had three months to find another home. That news was of particular negative impact for the organization, as it was the headquarters of an important Trust community service. But for the Trust’s Head of Digital Operations, Gary Adams, the question was: Could this problem actually be a break-point that could give him an opportunity to rethink how technology could enhance patient care? He decided the answer needed to be ‘yes’ – so rather than simply replacing its outdated telephony system with another standard setup, he adopted RingCentral’s AI-powered contact center solution, RingCX. Not only was this fully implemented by the vendor’s chosen implementation partner, Future Voice, well inside those three months, it has started to deliver a number of benefits. One year on, […]

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insure eng beat banner Learn about digital transformation challenges insurance organizations can face and strategies to overcome them. View the article Modernize to accelerate digital transformation Once the lifeblood of IT, legacy mainframe systems now hobble the digital transformation needed to solve complex insurance industry challenges. Modernizing to a more technologically advanced environment can help. Mainframe modernization can enable access to next-gen capabilities like artificial intelligence (AI), cloud, and big data analytics—which can help optimize performance and compliance and accelerate digital transformation to spark innovation and power long-term growth. 1 Enhance the customer experience with next-gen tech Customer expectations are evolving. Modernization helps via access to next-gen tech for timely data access, faster processing, and seamless mobile integration—which enhances the customer experience. 2 Use cloud-based platforms to access next-gen tech Cloud-based platforms enable the use of AI and big-data analytics to help insurers improve data analysis, risk prediction, and fraud detection—and offer more tailored products and services. 3 Detangle regulatory compliance complexity with AI and machine learning (ML) Modern platforms with AI/ML capabilities can simplify compliance by automating reporting and regulatory data analysis, and ensuring reporting accuracy, which builds trust and improves efficiency. 4 Address cost and talent issues […]

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The Republic of Guinea has partnered with Tether to revolutionize its digital landscape through blockchain technology. Tether aims to empower Guinea by deeply integrating blockchain solutions into the nation’s public and private sectors. A focus of this partnership is cultivating local knowledge and skills through education programs at the Cité des Sciences et de l’Innovation de Guinée. This initiative is part of a broader African movement toward blockchain adoption, with Guinea joining other nations like Ghana and Mauritius. The collaboration underscores the potential of digital transformation to drive economic growth and prosperity. Amid the vibrant backdrop of West Africa, a groundbreaking partnership is poised to reshape the digital landscape of Guinea. The Republic of Guinea has taken a bold step into the future, marking a strategic collaboration with Tether, the renowned blockchain firm behind the USDT stablecoin. This newly signed memorandum of understanding promises to accelerate Guinea’s journey into the realm of cutting-edge technological innovation. Imagine the bustling streets of Conakry humming with the buzz of digital possibilities. Tether’s vision is clear: empower Guinea through a comprehensive adoption of blockchain technology. The company aims to not only implement these solutions but to integrate them deeply within the fabric of […]

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The largest transformation in British Airways’ history is putting its people at the centre of its operations, the Amadeus Altitude25 conference heard this week. Colm Lacy, chief commercial officer of the UK flag carrier, said the £7 billion the airline has committed to its modernisation is the largest investment in its history. A significant part of that sum will be spent on fleet renewal that will support its bid to become net zero, he said, but at the centre of the strategy is its people. “We want to grow and strengthen in terms of London, the world’s biggest airline market, particularly around premium travel,” Lacy said. “It’s all about NPS [Net Promoter Score] – the consumer. Happy employees mean they look after our customers. “It’s no mistake that at the middle of our strategy are our colleagues; they are at the centre of it. We will make sure we look after them to make sure they look after our customers.” Lacy said the airline will look to drive cost efficiency and discipline, operate more sustainably and embrace DEI [Diversity, Equity and Inclusion]. “That’s still a key part of what we do at BA – it’s also about good business […]

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(Image credit: Getty Images) To weather the storm of surging technological innovation, impulsive decision-making without any clear direction has led to mounting rates of technical debt and failed digital transformation projects . According to McKinsey & Co, 70% of digital transformation efforts fall short of their desired targets , demonstrating a widespread inability among organizations to keep up with their own overambition when turning to the ‘latest and greatest’ tech solutions at breakneck speed. Having overindulged, moving too fast for too long, organizations are feeling the pinch of a subsequent digital hangover and are in dire need of digital detox to restore their foothold on their digital transformation journey. So how did we get here? The proliferation of AI and hybrid cloud environments to bolster efficiency and streamline workflows across departments has set the standard for digital transformation. In line with this trend, an awareness of increasingly sophisticated cyber threats prompts fear within organizations and leaves them with a prevailing sense of vulnerability. In a rush to deploy the latest technologies, organizations tend to overcompensate and overspend – a problem made worse by the seemingly exponential rise of high-profile breaches reported in the media. Navigating the digital hangover Similarly, […]

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The landscape of consumer-packaged goods (CPG) has changed dramatically in the past decade. What once seemed like an unbreakable monopoly of giants like Coke , Pepsi , and Colgate-Palmolive , is now a hotbed of innovation. New brands are rising through the ranks by directly engaging with customers in new ways. At the heart of this transformation is Craig Shapiro , co-founder and managing director of Collaborative Fund , an investor who has been guiding startups in breaking down traditional barriers and leveraging the latest digital tools . Shapiro’s insights into the power of direct-to-consumer (D2C) models, artificial intelligence (AI)-driven personalization, and the importance of community reveal a new blueprint for success in the consumer goods market. Tech-Driven Changes in CPG “The digital transformation of being able to distribute and sell directly, we’re seeing a new wave of that,” Shapiro said in an interview with PYMNTS, referencing the CPG market. “The second is around data-driven personalization. Like that data-driven personalization we’re seeing within WHOOP and some others, I feel like is only the tip of the iceberg within the kind of broader digital transformation in the CPG world.” But it’s not just about technology, Shapiro explained, highlighting the real […]

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